Cresset Asset Management LLC Sells 19,687 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cresset Asset Management LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 24.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,998 shares of the company's stock after selling 19,687 shares during the period. Cresset Asset Management LLC's holdings in Kimberly-Clark were worth $7,929,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after buying an additional 6,016 shares during the period. Barclays PLC boosted its position in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Aprio Wealth Management LLC raised its stake in shares of Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after purchasing an additional 466 shares in the last quarter. West Oak Capital LLC raised its stake in shares of Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after purchasing an additional 33,623 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Kimberly-Clark by 0.5% in the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company's stock valued at $95,492,000 after purchasing an additional 3,273 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. This trade represents a 58.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now directly owns 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock valued at $2,208,684 over the last quarter. Corporate insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $3.60 on Tuesday, hitting $133.07. 1,149,740 shares of the company were exchanged, compared to its average volume of 2,139,963. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company's 50 day moving average price is $137.77 and its two-hundred day moving average price is $134.71. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The firm has a market capitalization of $44.15 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period in the previous year, the business earned $2.01 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio is 68.66%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMB. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. Barclays decreased their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their target price on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of "Hold" and a consensus target price of $145.08.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.